37 | Raising Money-Smart Teens: How to Teach Your Teen to Budget, Save, and Spend Wisely
Hi Parents!
Are you worried that your teen isn’t learning smart money habits? With financial stress impacting so many families, teaching teens how to budget, save, and make wise spending choices is more important than ever.
In today’s episode, we’re diving into financial literacy - one of the most crucial life skills for teens. I’ll be sharing five key strategies to help your teen develop financial confidence and responsibility. When teens understand how to manage money, they feel more in control, less anxious, and better prepared for adulthood.
We’ll talk about why financial stress impacts teens more than we often realize and how the pressure to keep up with their peers can make money management even harder. I’ll also address some of the biggest financial challenges parents face, from teens spending their money as soon as they get it to struggling with saving or budgeting.
This episode will introduce a simple system to help teens build healthy money habits, including a budgeting approach they can actually stick to. I’ll also share why encouraging your teen to earn their own money can be a game-changer and how a simple mindset shift can help them avoid impulse spending.
Let’s equip your teen with the skills they need to make smart financial decisions - so they can avoid costly mistakes and build lifelong confidence with money!
Big hugs,
Monica Crnogorac
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